Dhanabriddhi Recurring Deposit’ is a type of fixed deposit scheme where Customers invest an amount of their choice every month and save money with ease. This product is designed especially to help customers meet their financial obligations in the future.
Dhanabriddhi Recurring Deposit (Times Seed amount)
| Dhanabriddhi Recurring Fixed Deposit | Minimum Balance (Seed Amount) | Duration |
| Dhanabriddhi Recurring 5 Times of Seed Amount | 10,000.00 | 2 Years 8 Months 3 Days |
| Dhanabriddhi Recurring 10 Times of Seed Amount | 10,000.00 | 5 Years 1 Month 11 Days |
| Dhanabriddhi Recurring 15 Times of Seed Amount | 10,000.00 | 7 Years 5 Days |
| Dhanabriddhi Recurring 20 Times of Seed Amount | 10,000.00 | 8 Years 6 Months 27 Days |
| Dhanabriddhi Recurring 50 Times of Seed Amount | 10,000.00 | 14 Years 6 Months 17 Days |
| Dhanabriddhi Recurring 100 Times of Seed Amount | 10,000.00 | 19 Years 9 Months 16 Days |
Features:
- Customer begin by depositing a minimum sum at the beginning and makes subsequent monthly recurring deposit which is 1/10th of the seed amount
- Customer receives the amount at the end of the tenure as mentioned in the duration table*
- Minimum acceptable seed amount is NPR 10,000
- Minimum monthly recurring amount is NPR 1,000 per month
- Loan against Fixed Deposit:
A loan against Fixed Deposit up to 85% of the total accrued amount shall not be provided in this product. A premium of 2% in addition to the coupon rate shall be charged for loan against Fixed Deposit.
- Free Credit Card
*Final amount shall be the equal to the initial commitment amount except under the following conditions of deferral:
i. Delayed Installments: If installments are received after the SI date.
ii. Missed Installment: In case of missed installment, the customer shall receive the principal and cumulative interest on the principal and recurring deposit amount
iii. Additional Fund Injection: In case of customer injecting additional amount into his/ her account the final amount may differ from the initial amount.
Dhanabriddhi Recurring Deposit:
In this product, customer can choose to place any recurring amount above NPR 500 for a period ranging between 6 months to 10 Years. Customer shall get a choice to either place a seed amount at the beginning or to begin without any seed amount.
Features:
- Minimum Recurring Amount: NPR 500
- Seed Amount: Optional
- Minimum Duration: 6 Month
- Maximum Duration: 10 Years
- Loan against Fixed Deposit:
A loan against Fixed Deposit up to 85% of the total accrued amount shall not be provided in this product. A premium of 2% in addition to the coupon rate shall be charged for loan against Fixed Deposit.
- Free Credit Card
What services do we offer for this account type?
Mobile Banking
Internet Banking
Debit/Credit Card
Locker Service